131
131
Dec 5, 2012
12/12
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CSPAN2
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eye 131
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third, the government as decided -- has decided, third, the government has decided with the agreement of the bank of england to transfer excess cash held in the asset purchase facility to the exchequer. this is sensible cash management, this it is in line h the approach of the bank of japan and the u.s. federal reserve. i welcome the verdict that this is more transparent than the previous approach. i want to make sure its impact on the figures is also completely transparent, so we have forecast the public balances with and without the impact of the apf decision. of mr. speaker, when we came to office, the deficit stood at 11.2%, the highest in our peacetime history. it was forecast to be the largest of any major economy 2349 world. in the last two years, the deficit has fallen by a quarter. today's figures show that with or without the apf coupons, the deficit is forecast to fall this year as well. and cash borrowing is forecast to fall too. last year the deficit was 7.9%. this year with the apf coupons it is forecast to be 6.9%, but that excludes the aspect of the royal mail pension
third, the government as decided -- has decided, third, the government has decided with the agreement of the bank of england to transfer excess cash held in the asset purchase facility to the exchequer. this is sensible cash management, this it is in line h the approach of the bank of japan and the u.s. federal reserve. i welcome the verdict that this is more transparent than the previous approach. i want to make sure its impact on the figures is also completely transparent, so we have forecast...
115
115
Dec 5, 2012
12/12
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CSPAN
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eye 115
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we can argue about whether we should do it from the federal government or from the state government or from our communities and our chumps but of course we're committed to fulfilling those goals. but we cannot, it is not fair and i argue it is immoral to face the kind of challenges that we're facing and say, you know what, we, the 80% of america, aren't going to help at all. we're already paying 6% of all the bills. there are 80% of us. we're the primary beneficiary. we're paying 6% of all the bills. we don't want to pay more. tax them. that is incredibly dangerous. and anti-theycal to who we are as a republic -- antithetical to who we are as a republic. ben franklin is often cited, if people find they can vote themselves money that will herald the end of the republic. that makes sense. it takes 51% to win an election. if 51% of the people can make sure that 49% have to bear all the burdens and pay all the bills and do all the fighting, then the thore 51% can take the day off. then franklin worried about that over 200 years ago. milton friedman, passed away, by his words are still with
we can argue about whether we should do it from the federal government or from the state government or from our communities and our chumps but of course we're committed to fulfilling those goals. but we cannot, it is not fair and i argue it is immoral to face the kind of challenges that we're facing and say, you know what, we, the 80% of america, aren't going to help at all. we're already paying 6% of all the bills. there are 80% of us. we're the primary beneficiary. we're paying 6% of all the...
119
119
Dec 6, 2012
12/12
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CSPAN
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eye 119
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caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person doesn't know that. host: how do you do that in two weeks? caller: you can do it. most people's major asset is their home. for people that have more money, it gets harder. give now. if you intended to give money to your kids, do with this year. get it out. if you wait, it is going to be harder. this gets complicated. you have an exemption. there is a current level of how much you can give to any one person. that right now is $5 million tax free this year. next year that drops to $1 million. if you wanted to give money to your kids or give your kids and house, this is the year to do it.
caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person...
84
84
Dec 5, 2012
12/12
by
CSPAN
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eye 84
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if we don't get the government -- government's paying for this health care, but the private sector is the one that's writing the bills. you need to do something about the private sector section of the medical system. get 100,000 people to send their bills to you from the hospital and make these people justify these outrageous costs they are charging the government. host: congressman welch. guest: he's got a point. the cost is unbelievable. anybody who's been to the hospital as hes is, you not only get that bill, but you get a bill for the stay in the surgery room, you get a bill from the anaesthesiologist. it's peacework -- piecework billing. what we have is this fee-for-service system here which encourages volume. if you have a incentive, it will produce results. the results that are produced for the fee-for-service system you is get a lot of services offered that many times are not necessary. so that's what -- he's got a good example of how the cost is really beyond the control of any consumer. he gets sent to the doctor. next thing you know he's getting an angioplasty, he's getting
if we don't get the government -- government's paying for this health care, but the private sector is the one that's writing the bills. you need to do something about the private sector section of the medical system. get 100,000 people to send their bills to you from the hospital and make these people justify these outrageous costs they are charging the government. host: congressman welch. guest: he's got a point. the cost is unbelievable. anybody who's been to the hospital as hes is, you not...
167
167
Dec 4, 2012
12/12
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CSPAN
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eye 167
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you can see it in the government with medicare and social security. no one is arguing we have to cut medicare and social security taxes because they see them tied to something very specific. it goes into a trust fund used for their benefit. in the process of this, if you could print this discussion much more fully home -- it is more than just fixing to that, and that is a specific use of it, bringing it home to some actual uses of this fund, how are you going to make the social security trust funds solvent over a long period, making it worked, you would find resistance to this stuff a great deal less. >> do you think the president has made that connection with the outreach he has done since the election or during the election? >> snowe, it is still -- no, it is still in a class warfare mode on both sides. bringing it home, thinking about what you are going to tell that person wherever you see them about this -- you can take the sting out of this thing by -- there are other people here who have political things that may have raised or not have raised t
you can see it in the government with medicare and social security. no one is arguing we have to cut medicare and social security taxes because they see them tied to something very specific. it goes into a trust fund used for their benefit. in the process of this, if you could print this discussion much more fully home -- it is more than just fixing to that, and that is a specific use of it, bringing it home to some actual uses of this fund, how are you going to make the social security trust...